Boring Portfolio Report
ANN ARBOR, Mich. (Oct. 29) -- The Dow and S&P 500 showed some strength
on Tuesday, as a fresh round of economic stats re-re-reiterated that inflation
is under control and General Franco is still dead (that's an old joke that
Gen-Xers can pass by). The Dow picked up 34 points to move above the 6000
mark again, while the S&P rose 0.61% to close above 700.
Life on the Nasdaq was less pleasant, thanks to a flash from a Saloman Brothers
analyst who announced that he had seen "a distinct softening in overall retail
computer sales over the last few weeks." Pretty much anything with a chip
in it, other than a Frito-Lay bag, crashed and burned on the, uh, news. The
Nasdaq finished the session off more than a full percentage point in value,
on volume of over a half-billion shares (Nasdaq-style).
Geez, Louise. And those guys complain about online chat hype?
As for the Boring Portfolio, it pretty much split the difference today. Our
"tech sector," consisting of Cisco Systems and Solectron, backed off a bit,
while Borders Group, Carlisle, and Prime Medical provided some countervailing
thrust. All in all, the Borefolio lost $25, not counting a few bucks in interest
swept in by our $15K in cash.
There was absolutely zippo by way of Borefolio news today, which suits me
just fine since: a) I have to drive my daughter to a swim meet in about ten
minutes, and b) I got a few e-mails from folks offering the opinion that
last night's Borefolio review, replete with heart-stirring reviews of Cisco
product and partnership announcements, was almost as exciting as reading
their VCR instruction manuals.
Hey, you want Boring? I do Boring.
By the way, Cisco announced today some "significant enhancements to its high-end
routers that will enable network managers to improve bandwidth utilization,
security and access in enterprise wide area networks (WANs), while reducing
costs." But since I vowed to provide no more Cisco product news until after
the elections, you're on your own to search the news on AOL (or at www.cisco.com)
to get the fascinating details.
Speaking of Election Day, that's when Cisco will be reporting quarterly earnings.
Between the Election returns and the Cisco report, I'll be so excited I probably
won't get to sleep all night!
Tuesday, October 29, 1996
BGP + 1/2 ...CSL + 3/8 ...CSCO - 1/4 ...GNT ---
OXHP -1...PMSI + 1/8 ...SLR - 7/8
*Scroll down or expand screen for full portfolio accounting
Day Month Year History
BORING -0.04% -4.31% 11.38% 11.38%
S&P 500 +0.61% 2.06% 12.85% 12.85%
NASDAQ -1.06% -1.94% 15.57% 15.57%
Rec'd # Security In At Now Change
2/28/96 200 Borders Gro 22.51 31.13 38.26%
3/8/96 400 Prime Medic 10.07 13.00 29.11%
2/2/96 200 Green Tree 30.39 39.00 28.34%
8/13/96 100 Carlisle Co 52.65 57.50 9.21%
6/26/96 100 Cisco Syste 53.90 57.63 6.91%
10/15/96 100 Solectron C 54.52 52.38 -3.94%
5/24/96 100 Oxford Heal 48.02 44.63 -7.08%
Rec'd # Security Cost Value Change
2/28/96 200 Borders Gro 4502.49 6225.00 $1722.51
2/2/96 200 Green Tree 6077.49 7800.00 $1722.51
3/8/96 400 Prime Medic 4027.49 5200.00 $1172.51
8/13/96 100 Carlisle Co 5264.99 5750.00 $485.01
6/26/96 100 Cisco Syste 5389.99 5762.50 $372.51
1/29/96 100 Solectron C 5452.49 5237.50 -$214.99
5/24/96 100 Oxford Heal 4802.49 4462.50 -$339.99
CASH $15252.86
TOTAL $55690.36